#Quantencomputer
The security model of Bitcoin faces a significant challenge from emerging quantum computer technology. According to Anatoly Yakovenko, co-founder of (SOL), BZC must transition to quantum-resistant cryptography within the next five years to avoid security risks.
The rapid advancement of AI accelerates progress in quantum computing and increases the likelihood of successful attacks by 2030 to ~50 percent.
Larger tech companies are already working on quantum-safe technologies. However, this shift means years of intensive development work for developers, while the public sees great opportunities through the technology.
Regulatory bodies set deadlines:
The National Institute of Standards and Technology has defined global standards for post-quantum algorithms, and US security agencies demand a transition by 2033. Major tech firms are pushing the development of powerful quantum computers.
The crypto community debates controversially about the actual danger and the time frame until quantum computers could threaten Bitcoin. Some experts warn that keys could be broken within the next five to ten years, while others, including CEOs of large crypto firms, see the risks as exaggerated.
Initial successful experiments with quantum processors show progress but are still far from the capability to crack complex cryptography. The biggest concern is the “store now, decrypt later” phenomenon, where today’s data could later be decrypted with advanced quantum hardware.
Currently, Bitcoin is still considered safe, and various upgrades could improve security in the future without major changes in the network. Nevertheless, the entire industry faces the challenge of transitioning to post-quantum technologies to ensure digital asset security.
